Industry News
Mortgage Industry News
Stronger Than Expected Employment Data
11/05/2010
Stronger than expected Employment data pushed MBS markets lower this morning. Against a consensus forecast for a gain of 60K jobs, the economy added 151K jobs in October. Private employers hired 159K workers, the highest level since April. Revisions from prior months added an additional 103K private sector jobs. As expected, the Unemployment Rate remained at 9.6%. Average hourly earnings, a proxy for wage growth, rose 0.2% from September. The Dow is up 10 points. 10 Yr 2.539





